Feb 07, 2023 by HM

House prices in Welling (DA16 2)

This article reveals price per square metre data and various charts to help you understand current housing market in Welling (DA16 2).

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Price per square metre

Knowing the average house price in Welling is not much use. However, knowing average price per square metre can be quite useful. Price per sqm allows some comparison between properties of different size. We define price per square metre as the sold price divided by the internal area of a property:

£ per sqm = price ÷ internal area

E.g. 95, Northumberland Avenue, Welling, sold for £521,000 on Sep-2023. Given the internal area of 103 square metres, the price per sqm is £5,058.

England & Wales have been officially metric for many decades. However house price per square foot is sometimes prefered by those of sufficiently advanced age. They may want to convert metres on this page to square feet.

The chart below is called a histogram, it helps you see the distribution of this house price per sqm data. To make this chart we put the sales data into a series of £ per sqm 'buckets' (e.g. £5,250-£5,500, £5,500-£5,750, £5,750-£6,000 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 246 sales in Welling (DA16 2) that took place in the last two years.

You can see the spread of prices above. This is because although internal area is a key factor in determining valuation, it is not the only factor. Many factors other than size affect desirability; these factors could be condition, aspect, garden size, negotiating power of the vendor etc.

That said, the spread of prices will give you a feel of the typical range to expect in Welling (DA16 2). Of the 246 transactions, half were sold for between £4,740 and £6,000 per square metre. Notably, only 25% of properties that sold recently were valued at more than £6,000m². For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

For the average, we calculate the 'median' or middle price. The median price per square metre in 'DA16 2' is £5,410. The table below shows how 'DA16 2' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
DA16 2 Welling	£4,740m2	£5,410m2	£6,000m2
DA16 1 Welling	£4,650m2	£5,220m2	£5,800m2
DA16 3 Welling	£4,360m2	£5,050m2	£5,510m2

Will Welling house prices drop in 2024?

I cannot tell the future and don't believe anyone who says they can. I can however plot price trends - I have done this in the scatter plot below for DA16 2 (Welling). From this one could infer a range of reasonable possible future price falls or rises. In the chart below, the red dashed line is the house price trend for DA16 2 and the blue dots are the individual property sales that inform this trend.

Disclaimer: The data provided throughout this website about Welling and any other area, is not financial advice. Any information provided does not and cannot ever take in to account the particular financial situation, objectives or property needs of either you or anyone reading this information. Furthermore, I cannot guarantee the accuracy of any data shown. This information is based on sold prices and internal area data provided by Land Registry and other third parties - I do not verify the accuracy of the Welling data or any other data I am given.

Price map for Welling

I've just finished coding the map I link to below. I find it useful and I am sure it will help you in exploring Welling. You can zoom in all the way to individual properties and then all the way back out to see the whole country. The colours show the current estimated property values. I will explain more about the methodology and create a key next week.

House price heatmap for Welling

Street level data

Street	Avg size	Avg £/m2	Recent sales
Sutherland Avenue, Welling, DA16 2N	86m2	£5,144	48
Westwood Lane, Welling, DA16 2H	100m2	£4,812	31
Montrose Avenue, Welling, DA16 2Q	85m2	£5,069	29
Yorkland Avenue, Welling, DA16 2L	86m2	£4,824	28
Welling Way, Welling, DA16 2R	99m2	£4,769	24
Northumberland Avenue, Welling, DA16 2Q	96m2	£5,087	23
Radnor Avenue, Welling, DA16 2B	85m2	£4,985	22
Hook Lane, Welling, DA16 2D	80m2	£5,697	19

Search for your street here.

Raw data

Our analysis of Welling is derived from what is essentially a big table of sold prices from Land Registry with added property size information. Below are three rows from this table to give you an idea.

Address	Paid	m2	£/m2
95, Northumberland Avenue, Welling	£521,000 Sep-2023	103	5,058
14, Cornwall Avenue, Welling	£470,000 Sep-2023	90	5,222
56, Porthkerry Avenue, Welling	£455,000 Sep-2023	86	5,290

See the entire list of all sales in Welling (DA16 2) here.